You are here
Palisade Research: Leveraged bullish gold share fund saw 14x spike in volume yesterday
This Is the Most Important Chart for Gold Investors to See Right Now
From Palisade Research
Palisade Global Investments Ltd., Freeport, Bahamas
Wednesday, July 18, 2018
There's a lot of talk about the relative strength of gold stocks in the recent sell-off for gold.
But nothing sticks out quite like this.
The Direxion Daily Gold Miners Bull 3X Shares (NUGT) traded its entire market cap yesterday.
... Dispatch continues below ...
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
Yes, you read that correctly -- its entire market cap in just one day. ...
That equates to $1.2 billion, or 14 times the daily average.
One can only surmise that there was a massive buyer(s) in the mix. Otherwise we could have expected the sector to fare far worse on a day where gold dropped $14 to close at $1,227.
Is this a classic bear trap – or will gold stocks soon play catch up?
Only time will tell, but yesterday's action in NUGT could be a very strong sign that the bottom is in.
... For the remainder of the report:
https://palisade-research.com/most-important-gold-chart-right-now/
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
